Telos (NASDAQ:TLS) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Telos (NASDAQ:TLS) issued its quarterly earnings results on Monday. The company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.03 by $0.06, FiscalAI reports. The business had revenue of $55.20 million for the quarter, compared to analysts’ expectations of $50.11 million. Telos had a negative net margin of 8.13% and a negative return on equity of 2.60%.

Telos Trading Up 22.4%

Shares of TLS traded up $1.08 during trading hours on Monday, hitting $5.90. 447,015 shares of the stock traded hands, compared to its average volume of 723,733. Telos has a 1-year low of $3.79 and a 1-year high of $8.36. The firm has a market capitalization of $441.02 million, a PE ratio of -27.40 and a beta of 0.98. The company has a current ratio of 2.38, a quick ratio of 2.26 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average of $4.54 and a 200-day moving average of $4.52.

Insider Activity

In other Telos news, CEO John B. Wood sold 96,151 shares of the firm’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $4.05, for a total value of $389,411.55. Following the completion of the transaction, the chief executive officer directly owned 1,505,867 shares in the company, valued at $6,098,761.35. This trade represents a 6.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Gary Bendza sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $4.55, for a total value of $910,000.00. Following the transaction, the executive vice president directly owned 537,008 shares in the company, valued at $2,443,386.40. The trade was a 27.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 581,549 shares of company stock worth $2,512,583 over the last quarter. Corporate insiders own 14.90% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Yorkville Ives initiated coverage on shares of Telos in a research report on Monday, October 5th. They issued an “outperform” rating and a $6.00 target price for the company. Wall Street Zen downgraded shares of Telos from a “buy” rating to a “hold” rating in a report on Saturday. Zacks Research raised Telos from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 20th. Weiss Ratings upgraded shares of Telos from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 26th. Finally, Wedbush lowered shares of Telos from an “outperform” rating to a “neutral” rating and set a $5.00 price target for the company. in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $6.42.

About Telos

Telos Corporation (NASDAQ: TLS) is a cybersecurity and information technology company that provides secure technology solutions to government and commercial organizations. The company focuses on helping customers protect critical systems, data and digital identities while supporting secure operations in complex and highly regulated environments.

Its offerings include cybersecurity consulting, cloud security, secure networking, identity and access management, risk management and governance solutions.